Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000,...

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Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Gross profit equals: Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Gross profit equals:

Answer rating: 100% (QA)

Gross profit is calculated by subtracting the cost of goods sold COGS from the n... View the full answer